The stock market can be an exciting game with high stakes. Some days, you might enjoy the benefits of positive and satisfactory numbers. On other days you may experience the opposite and it could be very difficult to return to the point you were at your most productive. If you find yourself constantly stuck in the gutter it is important to recognize that relying on your instincts and preserving is not always enough.
If you’ve experienced loss from time to time You’ll need sound advice from tried-and-tested trading experts. Additionally, you’ll require an important boost from colleagues in the market from all over the globe, which is why we’ve found an option that can help you in your improvement in the industry. We’ll take the time to look at Profit.ly is a well-known all-in-one social platform for trading!
For those of you who prefer a more visual experience, here is a video review from Mark Gossage’s YouTube channel. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Overall Rating: 4.1/5 Tim Sykes Risk Management
Users Experience 4.5/5
Profit.ly offers an internet-based trading service that permits traders of different levels to be knowledgeable and accountable, as well as transparent and encouraging one another through its wide variety of tools and features including chat rooms, trade verification and a rich library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading website which serves as a learning and training platform for those new to trading and also as a platform for experienced traders to track their performance through the use of sophisticated analytics tools. Offering users a broad array of options to facilitate trade and communication, it helps traders from all walks of life connect with each other. It gives the gurus worthy investments within the boundaries that the site. Think of it as the social media equivalent like Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently verifies trade performances and then publishes the information from them in the form of leaderboards. The trading platform is built on trust and transparency. it ensures that the trades are valid and won’t accept fake news as long as is humanly possible. It was established many years ago by penny stock trade expert and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an appearance in Forbes magazine Sykes declared that Profit.ly was motivated by its focus “on showing every trade, something that has never been prior to.” The idea Sykes said served two goals: 1.) creating public track records for not just the gurus as well as students and newsletter writers and secondly) allowing all users to learn from both the wins and losses to the benefit of the trading industry. Tim Sykes Risk Management
How Does It How Does It
Profit.ly utilizes a subscription model that allows stock traders to have access to a range of services and features geared at achieving success. You can create an account for free, but you’re limited to access to the leaderboard and follow the activities of non-gurus. If you’re ready to invest your money to see which stocks the gurus are trading in real-time it is necessary to join one of Profit.ly’s offers that we’ll review in the coming days.
The process of opening an account is easy: create a profile with your experiences and knowledge, then connect to your brokerage account and you’ll have a chance to shoot your way up to the top of the leaderboard. Profit.ly’s leaders’ board feature as previously mentioned, is designed to give its users a glimpse of the performance of the trading community and its experts. It’s not just a way to demonstrate that you’re worthy to the large group of traders. You can also utilize Profit.ly to shop with a professional with the assurance that you’re confident in their skills and the credibility of their assertions.
If you are unsure about the idea of divulging your brokerage account, you can choose to publish your trades, either verified or not, via screenshots. Included in Profit.ly is the huge selection of courses in trading as well as the ability to look at stats in a trader’s profile, and more ways to communicate with your gurus in the chatroom, in addition to text and e-mail alerts and updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who has been famously known for his efforts in penny stock trading. According to Investopedia Penny stock refers to a small company’s stock that trades for under $5 for each share. Penny stock trading can be seen as a stepping stone for small companies to move into a larger market because it allows them to access money from the general public. But don’t be mistaken – it can also be a high-risk game, which Sykes is sure to reveal thanks to his years of expertise.
From his beginnings in his late years in high school, Tim Sykes has, since then, made an estimated $6 million profit through his lengthy career as trader. At 25 years old, he had been given greater exposure and a larger impact as a participant in the reality series “Wall Street Warriors.” He then took advantage of it to establish trading rooms, penny stock themes, and educational content geared toward those who are just beginning to learn about the trading field. He also helped establish Profit.ly as a place of openness, and for the community to uplift and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of learning sources, trade alerts and other useful stuff offered by the platform’s in-house gurus. Gurus are referred to experts in the field of trading who have earned significant amounts of profit from their combined years of experience. Tim Sykes Risk Management
At its height, Profit.ly had housed up to five gurus. Each of them a pro in their field of expertise within the world of trading. Some of the prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. As of this writing, only two gurus remain on the platform: Founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that, let’s take a look at what packaged deals each guru offers.
From Tim Sykes Tim Sykes
Sykes offers a basic stock trading service that focuses on penny-stock day trading via Tim’s Alerts. Costing $74.95 for a month you will see him focus on the fundamental stock catalysts and use them to anticipate the next moves that could occur when making trades.
A single purchase in Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available to iOS and Android devices; text, e-mail and push alerts; as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version that has been upgraded of the Tim’s Alerts program. It costs $149.95 monthly, this is the perfect plan for those who are more involved in the penny-stock market. Pennystocking Silver comes with all the standard features found in prior plans, including alerts for swing trading and access to a collection of more than 7,000 educational videos that are updated each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a professional in swing trading with an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. In the time since the time he started trading, Superman has amassed over $5.5 million in total trading earnings. Tim Sykes Risk Management
The Superman Alerts package is his offering of essential features and trading alerts targeted toward those who may be interested. For $147/month, you’ll get access daily premarket stock watchlist along with the mobile app, daily market updates in real-time, and email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to an extensive base of knowledge provided by Superman himself through his Superman Pro package. On top of the essentials included in the Alerts plan, Superman Pro gives you weekly video lessons, including an ever-growing library of other previous ones. In addition, you’ll also get access to premium research reports as well as the IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re ready to join the trading community on the internet and make a mark on the field, Profit.ly has the right amount of resources to help you started. Profit.ly offers three membership tiers that cater to traders at different levels. Let’s take a look at what these three levels are and what they’ll cost you.
The package called Novice is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the trading community. As you sign up for this plan, you will be immediately offered a range of strong and indispensable trading tools, all one of them essential in keeping your hands on what we call a competitive procedure in its own.
Some of the features you can do using Profit.ly’s Novice program is the ability to verify the results of your trades and track profit and follow-up, leading and even chatting with other traders; and leaving feedback on today’s trades. You can also get on leaderboards, analyze, sort, and filter your trades; and lastly, look at other’s stats.
The Novice plan will cost $29.95 per monthly payment. While it may look attractive for the price alone however, there’s a drawback. You aren’t able to create a personal account, making your activities publicly available. If you do want to have the benefit of this service, you should be watching for us to introduce to you Profit.ly’s next strategy.
The Trader plan allows you to take advantage of many of the features of The Novice package. It is in this plan that you can create a private profile to share with other associates all your insights and information you have gained from the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater for those looking to develop their expertise in trading. As nice as it seems however, there’s a crucial feature that is missing. In contrast to the Novice package, you won’t be able view the statistics of other traders that could be a disadvantage for some who may be anticipating this level. Tim Sykes Risk Management
The Pro plan is the highest premium package that Profit.ly can offer to experienced traders. With $74.95 monthly, and an additional 22% discount for annual billing This plan offers everything. It gives you full, unlimited access to all features from the two previous plans.
In addition, you’ll be able to see other users’ stats and data, but you also have the chance to create a private profile. Both of these features, on top of all the advantages that you can utilize to the maximum extent. If you’re looking for an account that will give you everything you need as an experienced trader, the Pro plan is ideal for you!
Profit.ly’s Other Services
In addition to the trainer tools and leadersboards Profit.ly has a few additional services that it can provide. One of those is its online store, which lets users select from a variety of video products that are designed to educate and help you understand the ins and outs of trading. The products listed on this page of the site can be bought immediately for your personal use. Among these products include best-sellers like the “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on penny stocking, short stocking, and all other things trading-related, clips and footage taken from The Annual Pennystocking Conference, and items from other experts in trading.
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The chat rooms that are integrated are included in Profit.ly’s array of services and features. You’re probably familiar with the concept of the chat room since you can find it throughout messaging and social platforms, and also on a few specialty websites that provide live chat assistance. But in Profit.ly it’s seen as a space where experts and their members can interact and learn in real time. Every guru has their own way when it comes to running their chat room and dealing with the members there. Some may be laid back and rarely active, while another may be more interactive and online to their pupils. Consider chat rooms as Profit.ly’s version of the forum, in the essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s wide range of products and features caters to an array of stock trader types, from beginners to experienced pros. With the variety of deals it has to offer it is certain to have something for everyone.
For instance, newbies will appreciate Profit.ly’s knowledge-based information available on the platform. They will also be provided with videos every week and chat room advice from its in-house gurus as well as their members. They’ll also be able pick from the merchandise available on its store online for them to take wherever they be. Additionally, they can gain practical experience trading on the platform, but eventually, they will soon learn that this is a risky game that should not be viewed as an amusing pastime.
For traders who have many years of experience down the road, we consider Profit.ly as equally as suitable for them as it is for people who are just beginning. While novice traders may not be as well-equipped with handling trading matters but the experts already know how it works and the stack full of risks that it carries. In the ideal scenario, they can utilize Profit.ly’s array of features to their best advantage to enhance their trading abilities. Like beginners, they can learn from the top experts and experts , and use those short tips and tricks along the way.
Profit.ly’s “all-inclusive” nature isn’t limited to novices or semi-experienced trader. Experts who have been verified can also participate in the fun! Those in the trading industry who are on similar levels to Superman and Tim Sykes can also use up Profit.ly’s capabilities to showcase their skill to others as a way to help assist them in the ever-changing trading process. Tim Sykes Risk Management
Profit.ly’s Pros and Pros and
- Profit.ly’s diverse capabilities as a “one-stop’ stock trading platform enable traders across the globe with a wealth of education tools, communication, and trading tools
- You get to receive excellent training and insights from its inside experts, as well as collections of educational videos as well as real-time trading activities
- You’re assured of transparency throughout Profit.ly with accurate analytics as well as fellow traders that are waiting to reach you out if something occurs.
- The platform’s leaderboard feature gives you the opportunity to increase your credibility as a trustworthy and authentic trader
- Apart from its main capabilities, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting unauthentic trades via images
- Profit.ly’s wide array of packages and subscription levels are priced at reasonable prices There is truly something for everyone
- Profit.ly’s numerous products and packages offered might be too much for most of its users
- As traders may opt to open any kind of trade, there’s an opportunity that some them could profit from picking the most profitable trades to boost their rating This could be a concern that should not be overlooked.
- Profit.ly will not allow refunds as its premium users are expected to immediately benefit from the number of features the platform is able to provide
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The Final Verdict: Is Profit.ly Valued?
If we could think of an appropriate answer for this query, it’s an affirmative “yes”. But it is important to realize that the platform should not be used as a quick-fix scheme to make money. The platform was not always meant to be designed to achieve this goal. Instead, you need to have curiosity. Tim Sykes Risk Management
What we mean”yes” is that it could be a useful learning tool. For those who are struggling, they might be able to find Profit.ly’s range of resources helpful in their efforts to incur lesser losses and perform better than they did before. It’s not only the struggling traders who will benefit from this platform. It will be able to accommodate beginners as well as even experts!
If you truly care about being better at trading and wish to be taught by your mentors and peers along the way, then take a look at Profit.ly. Profit.ly could be a good alternative to start.
FAQ Tim Sykes Risk Management
What are the best ways to use Profit.ly to publish your trades?
Profit.ly offers an entry section for trades in the ‘My Trade category on the dashboard. It lets you post your trades, verifiable or otherwise. You may choose between three choices:
- Linking your account to the brokerage of choice and importing trades directly from there
- Manually entering your trades into provided spaces and specifics
- Send a screen shot of your trades
What can I do to determine whether the trade can be verified or not?
If you import your trade from a reputable brokerage, there’s a high likelihood that it can be verified. This is evident by the blue check mark. If you upload it manually or through screenshots, it will automatically be classified as unverified.
The downside of having an unauthenticated trade is the risk of receiving negative feedback from friends and colleagues. Too many downvotes may cause you to show up in the Madoff leaderboard, which is where the public are able to identify who is fraudulent in posting trades.
Does the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available to download from the App Store for Apple and on the Google Play store. The mobile version of the app is compatible with the majority of functioning tablets and smartphones.
How many people are currently on Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, since they’re not just looking to earn maximum profits but also assist each other to learn and improve in acquiring opportunities on the stock market all over the world.